Quick reference 7Option


The trademark belongs to Sovana Holding PC, registered in the island offshore Saint Vincent and the Grenadines in 2019. Provides binary options trading services, does not have a brokerage license. 
The official website has versions in English, as well as in the languages ​​of India and Uzbekistan. Only one email address is offered for communication. Registered users are promised 24/7 live chat support.
7Option Review

 Trading conditions "7Option"

A binary options broker offers to bet on an increase or decrease in the price of a selected asset over a certain period of time. Available time frames and betting features are available only after registration, and they will differ for different assets. 
7Option promises free training to everyone who registers a personal account. Also announced is the opportunity to open a demo account in order to master the platform without risking real money. 
The binary broker offers to use only its own platform, which can be seen only after registration. 
You can open a trading account with investments from 10 US dollars, rates from 1 USD. You can trade on your own or use the follow mode and copy trades of experienced traders. 
It is not recommended to open many deals at once here: in paragraph 7.5. The client agreement states that the broker may, at his own choice, reduce the number of client transactions.
7Option has a bonus program, however, the conditions for using bonuses, the need to trade them and the description of related restrictions took up a whole page in the Client Agreement.
7Option Review

Account replenishment and withdrawal of funds from 7Option 

In the footer of the main page, the binary broker published the logos of the recommended payment systems. Among them:
  • WebMoney,
  • perfect money
  • master card
  • Humo
  • Uzbekistan sum. 
7Option promises the ability to withdraw money in any amount without a minimum threshold, seven days a week. Withdrawal limit up to 3,000 USD per day. The application is processed up to three business days. 
A complete list of available currencies will be seen by those who register a 7Option personal account. You will need to select a currency during the registration process: you need to be careful with this, since it will be difficult to change the base monetary units in the future. 
Only verified users can withdraw funds from 7Option. During the verification, you will need to send the administration a copy of the identity card and, possibly, any other requested documents. An important nuance: point 4.5. of the client agreement states that verification can take up to 10-30 business days. If in any doubt, the binary broker may request a video conference with the client to verify the photo in the identity card. 
The commission for withdrawing funds is 10%, and not from the withdrawal amount, but from the account balance. There are also commissions for inactivity. After 30 days without activity on the account, "7Option" will withdraw 10 dollars or euros for each month of downtime for account maintenance.
7Option Review

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